Dfyn: The bolt strikes again!

  • Reached a peak TVL of $300 million
  • Introduced vDFYN vaults for the community to get fee-sharing from the protocol
  • Processed over $3 billion in trades
  • Launched on multiple chains including Polygon, Fantom, and Arbitrum
  • Burnt 20% of the total supply to support tokenomics and prolonged the vesting schedules of team and investors

The Roadmap

Q2 2022

In this quarter, we plan to enhance the usability of the Dfyn exchange and integrate Router Protocol’s Crosstalk library to add cross-chain support to the Dfyn Exchange.

Q3 2022

The Q3 of 2022 will witness the launch of Dfyn v2 — the largest upgrade to Dfyn since its inception. This update will add concentrated liquidity support to increase capital efficiency for the liquidity providers and better prices for traders.

  • New Yearn-type mining strategies for the liquidity providers to earn an extra yield on the liquidity provided. The liquidity in Dfyn will get a dual-use case — apart from being AMM liquidity, it can also earn yields while not being used for swapping.
  • An extensible fee framework: Pool creators will have the option to deploy their pools under different fee tiers.
  • On-chain limit orders which will be truly on-chain.
  • An advanced module for smart order routing to ensure the most optimal price for users’ trades.

About Dfyn

Dfyn is a multi-chain AMM DEX currently functional on the Polygon network and Fantom. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store